As previously indicated, in addition to the 6% state sales tax, Horry County levies a 1.5% sales tax. This indicates that the overall sales tax rate for any purchase made in Horry County, which includes Myrtle Beach, will be 7.5%. Note that the majority of products and services, including dining, shopping, and entertainment, are subject to this sales tax rate.
South Carolina does not exempt foodstuffs from sales tax, unlike many other states. There are a few exceptions to the general rule that groceries are subject to the 6% state sales tax. For instance, milk, fruits, and vegetables are exempt from sales tax as are other unprepared food items.
South Carolina’s state tax rate will stay at 7% in 2021. This includes the 6% state sales tax rate as well as the uniformly-applied 1% local sales tax rate for all of the state’s counties. It’s vital to keep in mind that some counties, like Horry County, might tack on an additional sales tax rate on top of this.
Are Seniors Tax-Friendly in South Carolina? Retirees typically view South Carolina as tax-friendly. Retirement income is taxed at a maximum rate of 7%, while Social Security benefits are not subject to state taxation. Additionally, South Carolina has some of the lowest property tax rates in the nation, and seniors are eligible for a number of property tax exemptions.
To sum up, the combined state and local sales taxes in Myrtle Beach, South Carolina, are 6% and 1.5%, respectively, for a total sales tax rate of 7.5%. There are a few exceptions to the rule that groceries are not subject to sales tax. South Carolina’s state tax rate for 2021 is 7%, and it is typically thought of as a tax-friendly state for retirees.